Lombard Technology Services, part of the Royal Bank of Scotland Bank Group, are offering an innovative asset finance product – Software Licence Solution – that supports business growth by releasing precious cash locked into paying costly software licence fees.
Lombard already enable customers to acquire the hardware and IT management solutions they need to sustain their growth. Now, Software Licence Solution applies the same experience and expertise to software, structured in two ways for maximum flexibility:
The Tripartite Structure
Businesses usually licence software from the software provider. With Software Licence Solution, Lombard Technology Services (LTS) joins the licence chain by taking a licence from your business, reimbursing the expenditure incurred and sub-letting it back to your business on a periodic basis. Alternately, LTS may settle the licence fee directly to your Software Provider.
The Bipartite Structure
Businesses who develop their own software and own the intellectual proprietary rights (IPR), also have the opportunity to release cash tied up in IT. Software Licence Solution allows the business to sell its IPR to us. In turn, LTS license the use of the software back to the business.
For more information and answers to important questions such as:
Will LTS remarket the IPR the customer has developed to third parties?
As owner of my IPR, will LTS restrict any upgrade developments that my business needs?
Will LTS allow me to keep using the software after the licence term expires?
Download the LTS fact sheet HERE